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If the price of silver explodes will numismatic value of coins become irrelevant?
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<p>[QUOTE="Conder101, post: 990715, member: 66"]My understanding was that much of the Hunts silver was paper leveraged, they were not taking delivery of the physical metal. They controlled it, they didn't possess it. And going it the Hunts were worth about 4 bilion dollars, after all the fall out they were worth three billion. No matter how you look at it their net worth declined by 25%. Write off an oil company, take a loss, exempt your self from some taxes OK, but you're still worth a billion dollars less than when you started.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 990715, member: 66"]My understanding was that much of the Hunts silver was paper leveraged, they were not taking delivery of the physical metal. They controlled it, they didn't possess it. And going it the Hunts were worth about 4 bilion dollars, after all the fall out they were worth three billion. No matter how you look at it their net worth declined by 25%. Write off an oil company, take a loss, exempt your self from some taxes OK, but you're still worth a billion dollars less than when you started.[/QUOTE]
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If the price of silver explodes will numismatic value of coins become irrelevant?
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